Alexandria, MN – Consolidated Equipment Group (“CEG”), a portfolio company of Hanover Partners and Northstar Capital, has been acquired by Dominus Capital.

Hennepin Partners served as CEG’s exclusive financial advisor and Taft Stettinius & Hollister served as legal counsel. Terms of the transaction were not disclosed.

CEG – comprised of Quick Attach Attachments and Erskine Attachments – is a leading designer, manufacturer and marketer of a broad portfolio of skid-steer, mini-skid steer, tractor and UTV attachment solutions. CEG offers 140+ products that are uniquely designed to be compatible across all key equipment manufacturers and are applicable to various end markets including landscaping, construction, agriculture, excavation, snow removal, and forestry.

Through its state-of-the-art manufacturing facility in Fosston, Minnesota, CEG maintains industry-leading lead times with an impressive history of quality and customer-satisfaction. Through its subsidiaries, CEG markets its products direct-to-consumer as well as through a broad network of dealers.

The Company was founded in 1948 and had been owned by San Francisco- and Portland-based Hanover Partners and Minneapolis-based Northstar Capital since 2012.

“Along with Northstar, we invested in CEG in 2012; our 9 year partnership with the outstanding management team and employees has been extraordinarily rewarding,” said Andy Ford, Founding Partner of Hanover Partners. “Tom and his team have built a world class organization which leads the field in the attachment solutions marketplace. CEG is strongly positioned to continue to thrive and we congratulate Dominus on their investment and believe they will be productive partners to the team as it moves into its next growth phase. We also heartily thank Hennepin Partners for expertly guiding the company through the sale process in a manner both efficient and sensitive to the disruption such a process places on the day-to-day operation of the business.”

“We really appreciated the opportunity to work with Hennepin Partners and valued the partnership formed when finding Dominus Capital as the next home for CEG. We are thrilled to work with Dominus to accelerate growth across channels and geographies as well as through strategic acquisitions,” said Tom Flynn, CEO of CEG.

Ashish Rughwani, Founding Partner at Dominus Capital, added “We are excited to partner with Tom and the CEG management team. We look forward to accelerating the company’s growth through increased customer and geographic penetration, new strategic partnerships, and add-on acquisitions in adjacent geographies and complementary product offerings.”